CoreLogic's Home Price Index shows a 10.5 percent increase between last April and April 2013-"the slowest rate of appreciation in 14 months," said Sam Khater, the information firm's deputy chief economist.
Between March and April 2014, home prices increased by 2.1 percent, or 1.1 percent excluding distressed sales. Nationwide, home prices remain down 14.3 percent from their peak in April 2006.
"The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation," Khater said.
The CoreLogic HPI Forecast predicts only a 1.0 percent month-over-month increase in May, and a 6.3 percent increase from April 2014 to April 2015.
On a state level, 23 states and the District of Columbia are at or within 10 percent of their peak. California, Nevada, Hawaii, Oregon and Michigan registered the largest year-over-year home price appreciation in April.
Despite its year-over-year increase, Nevada is still the state furthest away from its peak value-38.6 percent below, in fact. The next four states furthest from their peaks are Florida, Arizona, Rhode Island and West Virginia.
